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Al Jazeera America
Dec 9, 2013 5:00pm EST
the spending caps in place. we won't raise taxes, and i think we can tackle that over the next couple of days. the most recent gallop polls showed 9% of americans approve of the job that congress is doing. that's the lowest level in modern history. congress has passed 115 bills since january. >> every on single one of these bills have been blocked by washington and the democrats. they continue to stand in the way of the people's priorities. >> reporter: the list of legislation still to be accomplished clue includes the m bill. it expires january 1st. the house and senate are still billions apart on snap, the food stamp program. one of the sticking points has been what to do about dueling probations dealing with sexual assaults in the military. unless congress acts unemployment benefits will expire on 1.3 million americans. >> it's not just the right thing to do for our families. it's the smart thing to do for our economy. >> reporter: president obama used his radio address this weekend to push for an extension. house speaker john boehner said he's open to legislation to continu
CBS
Dec 3, 2013 4:00am PST
," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a lower court ruling in new york. it ruled that websites like amazon and overstock must pay sales tax the same way in-state businesses do. the supreme court decision came on what appears to be the busiest online shopping day of the year, cyber monday. early indications are that online sales yesterday were up 17.5% from last year. mobile devices accounted for nearly a third of all online shopping. >>> stocks in asia finished mostly lower amid key reports in the u.s. hong kong's hang seng's lost 0.5%. tokyo's nikkei gained 0.5% to its highest close in six years thanks to a weekend yen. the dow jones lost 77 points yesterday. the nasdaq composite finished the da
CSPAN
Dec 4, 2013 8:00pm EST
health insurance or pay an employer mandate penalty or a tax. a critical issue is the definition of employee but equally important is the issue of which and how many employees are it should be to to the business. the answer may be simple for one business with a single owner however when an individual shares ownership of multiple entities or when a business has multiple owners the answer is less clear. today we will examine the process of determining whether businesses are considered single or multiple entities under the health care law, which requires business owners to aggregate employees and could subject the business to the obamacare employer mandate. according to the national federation of independent business, 39% of small businesses with 20 or more employees on at least 10% of one or more other businesses. to determine if the threshold of 50 or more employees has been met with the situations the health care law utilizes the internal revenue service code, controlled group business aggregation rules which are complex and confusing even for most experts. some experts have suggest
MSNBC
Dec 4, 2013 2:00pm PST
struggling themselves to put food on the table, to give their tax money to you, and then you're not even going to buy food with it. you're going to buy booze and drugs with it. >> you're going to buy booze and drugs with it? really? no kidding! you know those feex, o'reilly? i bet you dine with them every night, don't you? you know where america is. o'reilly's claim is absurd and totally insensitive to these people in this country in need. first of all, for the record, not that facts matter over at fox. it is impossible to buy drugs and alcohol with food stamps! if you get s.n.a.p. benefits, you get a government-issued debit card. and et ceteit's on the usda, un states department of agriculture website says s.n.a.p. benefits can be used only for food. it specifically says alcohol and tobacco are not prohibited. and i'm pretty sure drug dealers don't seem to be taking any debit cards as of late, but we would have to ask rush about that. billo said that he's also worried we are creating a society of dependency. >> my parents didn't make a lot of money, and they were able to put food on the
Bloomberg
Dec 8, 2013 6:00pm EST
, when will it be coming? quantitive easing. structural forms. is a consumption tax. it has been given. >> very big right now in terms of what these reforms are going to be. >> that is the question. you can see abenomics continue in rallying the troops. not everybody thinks the momentum is continuing. >> they used to advise. george soros and here he is. may be the fiscal conditions become sound. our life will be terrible. there is no exit. that is borrowing words again. he wants to end deflation. it is extreme. we were told deflation. >> how viable is that? anit is going to have to see extension. if you talk about the wages, it is probably the most important component they need to get on board. it is going to be really hard convincing the rest of the corporations that they should consider the projections. there's a economics theory of what inflation will produce. deflation is ending. biggest rise in winter bonuses. that is a big boost. these will start flowing to japanese consumers who absolutely are dependent. >> they're trying to wire this before the tax comes in. >> the fourth quart
FOX Business
Dec 10, 2013 4:00pm EST
potentially an anomaly in this quarter? >> no. that was completely tax driven. we reverse ad deferred tax asset last year. our pretax income is actually up 150%. and the market has recognized that. that is just a headline you're talking about. it is no reflection on our business. we're actually way up over 2012. david: bob schiller, the smart nobel prize-winning economist who focuses so much on real estate has expressed worries. he is not convinced this is happening but expressed some concern whether there is another bubble in the real estate market but also the stock market. but in real estate specifically, have you seen any signs of that at all? i mean you're able to track who your buyers are, what their interests are. you mentioned people, second, third, fourth homebuyers. but do you see any bubble at all in the market? >> no. remember when the bubble hit this country was building two million new homes a year. every blackjack dealer in las vegas was buying three houses. mortgage underwriting was way too easy. today we're at 900,000 new homes per year. we're way below the h
SFGTV
Dec 9, 2013 12:00pm PST
those huge tax loans can be ramgdz and much of the affordable housing open hunters point hill hazed begun thorough those renovation so definitely we have to think about how we crack most of the stuff we deal with is houses but we haven't figured out how to deal with multiple housing yet. and i think this is really the best ways to a learn by reaching anti them in the community. i hope we can reach out to other folks and have more meetings outside of city hall. it's fairly mulch to learn a lot of parpz and i hope to continue to partner >> just two items i wanted to thank the viral staff who helped to plan this is set up it takes a lot of energy to do this outside of city hall thank you to geronimo. i want to say this as part of the commissioners report new business the san francisco climate action strategy is complete it's hot off the presses. yes. role role huge congratulations to the staff (calling names) many other staff but this is going to be something i assume will be agenda listed either at full commission but it's hot off the presses how to do everything critiquing creating j
CSPAN
Dec 10, 2013 10:00am EST
years the department of energy has assessed a special tax and assessment on my constituents and the residents of 40 other states around the country who received their electricity from nuclear power. minnesotans have paid over $400 million a loan. the reason for this tax? to pay for the disposal of used fuels generate interested nuclear energy. to date the total amount collected is more than $24 billion, but little of that money has even been spent. since 1987, the law of the land remains that yucca mountain is the site for geelogical storage of nuclear spent fuel. unfortunately for ratepayers. partisanship and bickering in washington has nearly halted the program from moving forward. in classic washington fashion, even with all of this inaction, the taxes continued to be assessed and the moneys have continued to be collected. fortunately now this recent court action will bring an end to this. but just for now. i have long been an advocate of stopping these payments. the government is not doing what it promised to do with used fuel, yet millions of ratepayers were still being forced
FOX News
Dec 10, 2013 10:00am PST
, bill bell said by not participating. north carolina is a donor state. we are paying the taxes and not getting the benefit of it. >> and now 62 percent of the american public, bill. and by the way, thank you for that. 62 percent of the americans are eligible for a pen fit and welfare and entitlement payment as a result. we moved medicaid to 138 percent of the poverty level under the affordable care act that is making all of the entitlements, social security and medicare and medicaid unaffordable. >> thank you for being a good marine there. i got your back. appreciate it, bill. >> i have been there. >> thank you. and could one unintended consequence of obama carry felt in communities in the country. and why there are concerns that volunteer fire departments could be affected. >> there is a mass approximative lottery out. there hundreds of millions are on line for you and our question is do you have a ticket and what would you do with all of that money if you want? what is the one thing you would buy? merry christmas? >> drinking it all day long. >>> megamillions grand prize. $334 mi
PBS
Dec 2, 2013 8:30am PST
freedom the chinese government put more effort into implementing property taxes. he also said they would increase supply twin plot to control housing crisis. however don't recommend board until the pasta compared to what happened for me really wanted to know what the designers that about sixty thousand us dollars per month and a job there. that enter the bidding for job hunting and china kicked off recently and this new job there. a lot of people's attention and e commerce business with you for what the designer for the relatively obscure the high calorie about a hundred thousand in the kicking down the list for months. thousands of job seekers are now competing for the opposition the head of the business explained that because of the right professionals are scarce now they're willing to pay hike dollars to attract more talent the secretary of guangdong e commerce industry association. now they're about two hundred thousand kill people. sure you commerce industry the app development e commerce the current calendar include the mini market demand although six hundred thousand college
Bloomberg
Dec 10, 2013 2:00pm EST
help me with this, you need to help me think about this? >> this year, especially with taxes, tax rates are up and you have that four percent surcharge, a lot of people are focused on taxes. they have had a good year and they want to harvest any tax losses. fortunately we haven't had a lot of those. they are very focused on tax planning and what to do going forward. our view has been we still like the market. but we still might present some of our exposure and hedge fund and other asset classes. >> what you make of the vulgar rule?- of the volcker >> our clients are not talking about it. i think this is a wall street phenomenon and the news media 20 carry it. probably, if history is our guide, they will over regulate and make some adjustments over time. but i think the concept of the full parole is good for the markets. >> you think -- of the volcker role promotes the markets. -- is good for the markets. >> you think it promotes stability? >> i think it makes it more stable and we have to make sure the banks and big financial institutions do not trade against clients. it is one th
FOX Business
Dec 4, 2013 1:00pm EST
warns you should not be fooled by that. ashley: commuting get as little more taxing. the amount of workers can put transit costs cut in half by congress. at least those with the train. that is outrage. tracy: because they have drive evers? in tech minute we'll review lg's curved glass phone which is about to hit the store shelves. ashley: the dow has been down over 100 points for a long time but as you can see, desperately trying to make a comeback, down 99 points or there abouts. the market has been under a little bit of selling pressure these last several days. get breaking news on the fed beige book. peter baron's with the details. peteer? >> hey, ashley and tracy, the beige book for november says the economy continued to expand ad a modest to moderate pace from mid-october through mid insofar as november and the report does not appear to tee up tapering of bond purchases cuttings back on quantitative easing in next two weeks when the report will be used by policymakers. this reports e has the same language on the economy and job creation as the last meetings on beige book in oc
Comedy Central
Dec 10, 2013 1:30am PST
: exactly. (laughter) jesus would not be down with taking my taxes to pay for food stamps. jesus didn't take the loafs and fishes from the rich. he conjured them out of thin air. he was like christ angel mindfried. besides some of the helpless deserve even less help. >> some of the people without don't have enough to eat, it's their fault they don't have enough to eat. >> if you are an alcoholic or a heroin addict or drug addict and you can't hold a job, all right, and you can can can't support your children, what's my financial responsible to their children. >> stephen: that's right is it my fault that these kid's parents are drug addicts? maybe if the kids kept their room clean like mom asked she wouldn't have to smoke crack. kind of your fault, susie, a little bit, a little bit your fault, okay. sorry. so what's a christian like me supposed to do. forgive them? no. play it smart. >> i give a lot of money and you probably know this, to children's charities, okay. >> stephen: yes, bill, you don't have to tell us that. we've all seen the billboards. but bill gives right. >> okay.
Comedy Central
Dec 6, 2013 1:00am PST
around here it would be a good send. they would pay a lot of taxes, spend a lot of money in the stores and restaurants and create a big chunk of our economy and we take tax revenues from those people to help people throughout the entire rest of spectrum. >> we billionaires are new york city. whereas new york is yankee stadium with the best seats bought up by bankers who don't even use them. new york is the statue of liberty. closed for a private event. >> jon: that was closed because of hurricane sandy. >> that's what they told you because you were not invited. >> jon: what was the event? >> i can't tell you but it was a secret sex party with masks. i don't know who i was having sex with a woman who looked like sumner redstone with a mask on p. the point is he is going to turn this city into a living hell. >> jon: he's not. all he is doing is adding a half percent tax increase on wealthier residents for pre,-k. >> a living hell. new yorkers traveling underground packed together in urine scented sub terrainan sewage trolleys and line up to eat wet tubes of meat dispensed from sov
PBS
Dec 2, 2013 8:30pm PST
three billion dollars to counter the impact of a looming consumption tax hike and keep the economy expanding the government will raise the tax from five to eight percent in april the increase is expected to dampen demand. a job proposal for the stimulus at the side about ten billion dollars to help japanese firms compete internationally. the money will promote the development of innovative drugs and support the expansion of smaller firms overseas the package also includes about three point two billion dollars in cash payments to people whose incomes are below a certain level. and the earmarks about one and a half billion dollars to ease the financial burden for homebuyers. the government will also spend ten billion dollars to accelerate the recovery in the pre schumer and other disaster hit areas. officials plan to finalize the measures in coming weeks. i'll compile an extra budget by mid december to carry out the stimulus now let's get a check on the market. us stocks ended lower on monday after retail sales during the thanksgiving weekend fell from a year earlier the dow jones fe
FOX Business
Dec 10, 2013 11:00am EST
taxes and your hint is this is not good news for the northeast and not good news for the northwest. some winners today and here they are on the s&p 500. connell: we are back here on "markets now." here is what is still coming up for you in this hour. the president's handshake with raul castro. it was a gesture, but could it mean more? and the cash finance for colleges, looking to the upcoming playoffs. some of the leaders of the big games this year and the worst cities when it comes to tax and travelers. before we get to any of that, we've been back nicole from the new york stock exchange. a number of executive shakeups today. nicole: walmart and lulu the lu. on the heels. both have down arrows. lululemon down fractionally. walmart down $0.60 at 79.36. walmart, the head of the canadian division will take over the retailer international units, so this is also running walmart europe, middle east and africa. walmart has had lagging profitability overall taking that february 1. lululemon now a new ceo therefore lululemon. now succeed and take the top role. that will happen in january.
SFGTV
Dec 8, 2013 11:00am PST
control's office in debt issuance. the increase of sales tax is another option we considered. that would generate about $73 million a year -- again requiring voter approval as do the general obligation bonds. proposition k is the half sales supplement tax revenue allocated here in san francisco and take the revenues as sales taxes are generated and advance them and get more of the cash up front and execute projects sooner and in other words between the project window and they would incur financing cost for that but it would give them the cash up front and other possibilities here. there are revenue bonds considered in addition to what has been released this year. a possible series for 2016 of $150 million and 2019 for the assignment amount and a portion of that can be funding bicycle projects and this is from discretionary revenues and currently there are some funds moved from the sfmta operating budget into capital projects each year. it is a small percentage of the budget but that's another possibility for funds to be transferred and general fund money unrestricted from the city and co
CNN
Dec 6, 2013 3:30pm PST
don't say tax cuts and cutting the deficit. >> can i just start by saying i don't know what anybody has been smoking here, but if you think this is a good economy, then we need to start all over again. what you need -- first of all, 203,000 jobs, i'm glad that we've got that, about you we need to create at least 150,000 a month just to keep our mouths -- let me finish. >> okay. i'm waiting. >> what you need to pay attention to, and david is well aware of this is the labor force participation rate. what we have seen is people, particularly young americans, are opting out, they are giving up, underemployed. that means they're getting part-time jobs. it's about 63%, which is about a 30-year low, which means that 47% of this economy has basically given up until obama. these policies have not created economic growth, and everybody knows it. >> but wait, wait, ants my question. >> i can answer it. >> the house republicans is 40 jobs create bills that are stalled in the senate. >> they're all the same two things. >> no, they're not. they're energy job, they're rural jobs, farm jobs. >> the
CSPAN
Dec 8, 2013 5:00am EST
andal year and higher taxes fewer opportunities for jobs or wage increases. the issue of disposable income and households daily challenged by the current circumstances. i had to leave you on something that is not very optimistic, but in looking toward the future, the near future, in terms of where we are, how confident are you that the congress and presidents ability to avoid a shutdown for the deadline, 70% of americans are not confident and that cuts across all political party identification and all demographic groups. they have very little confidence that they will make progress going forward on this. that has an impact not only on political attitudes but also consumer behavior. with that, we're going to show you a couple of vignettes to bring to life some of these numbers. thank you. [applause] ♪ >> i would consider myself to be middle class. we have a mortgage and we have a car payment, but we are able to pay everything off. i from poor to excellent would rate our family situation as good. >> dimeric, i just had a baby. there is a lot of cost to being a parent. we can go out
SFGTV2
Dec 3, 2013 4:00am PST
inspection you can take as a tax deduction. any money that if you have taken can be applied as a tax deduction. this can be done on an annual basis. next, the opportunity, and a fund -- opportunity loan fund, providing for small businesses to pay for the inspection or to make improvements needed. to do it before you receive the lawsuit. and lastly, we of the bar association and their resources. they're providing their legal service for you. this last thing i am going to share with you in terms of what we have seen in our office is that with the individuals, that does not necessarily mean an individual will follow up with a lawsuit. what we've seen in our office is the individual's will send you a letter and say there were compile -- compliance issues. where people get in trouble is they ignore the letter. we need to make sure it that your pro-active and responsive. when a business receives a letter, they need to contact our office. the merchants of been very proactive -- have been very pro- active. the businesses that have received a letter and passed an inspection after receiving th
SFGTV
Dec 2, 2013 5:30pm PST
there is a benefit to the community and to the taxing entities for keeping those developments intact as they are or if there should be a revenue sharing great many such as the non housing uses were separated out. we're compiling a list of those assets. you can see them on the list you have. anything that says affordable low and income /photd rate housing commercial space. those are what we're talking about. most cases it's ground /tphror retail spaces or some cases they're non profit on the ground floor. any cases is offset expenses, they're integrated into the whole development. our staff recommendation is to find a finding that is to the benefit of the community and the taxing entities to keep these /tkefplts intact as they were developed. that condition /khraoudz my concludes my presentation and i'm available for any questions. >> thank you very much. i have one speaker card, charlie walker. >> he's gone. >> any other speakers? okay. thank you very much. i'll start off with a quick question. excuse me, i have no voice today. the replacement housing obligation, but i want to keep it s
CNBC
Dec 5, 2013 4:00am EST
another massive package including more than $50 billion in spending to help offset sales tax hike. >>> mario draghi should be holding fire, despite the recent drop in inflation. investors eyeing the ecb's economic staff projections. >>> and i told you so. british chancellor george osborne may have reason to gloat. >>> and china's financial institutions are warning against trading bitcoins as the bank admits while there are risks, it could still use the currency. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. hello. a warm welcome to the program. the government has just unveiled an $18.6 trillion yen stimulus package which includes 5.5 trillion yen in fresh spending measures. this is to offset the accuracy in the sales tax which is coming in in april which raises the rate effectively from 8% to 5%. it follows the unveiling of a 10.3 trillion package back in january. a number of measures will be expected as far as this package is concerned. particularly for those on the lower income as well. we will get those measures as soon as
FOX Business
Dec 10, 2013 1:00pm EST
reading of 91.6 but small businesses say they anticipate increases taxes and regulations and health care costs ahead. >>> the commerce department says wholesale inventories rose 1.4% in october. that is more than the expected .3 of a percent increase and above september's 0.5% rise of the that is the latest from the fox business network, giving you the power to prosper. adam: okay. now that the final details of the volcker rule have emerged and lawmakers are taking it to a vote which wall street firm has the most at risk are with these strict new regulations? charlie gasparino is here with the details for us and who is going to get hit hard? >> it has got to be goldman sachs. we should point out we put lots of calls into goldman sachs last couple days in preparation for this vote. they have no comment but there's been a lot of analyst chatter particularly from brad hintz, sanford bernstein, one of the smartest analysts out there, was ceo of morgan stanley, this is interesting, he issued the report late friday so it went under a radar a little bit but basically saying goldman sachs i
CSPAN
Dec 4, 2013 3:00am EST
statute authorizes tax credit through exchanges of established by the federal government under section 1321 or that it was congresses intent for the statute to authorize tax credit through those exchanges. so there's a lot more to be said about all of this. if i make would like to respond to some of -- >> let me cut you off at this point. i only have all bit of time. mr. turley, you mentioned something along the lines of your concern that president obama is becoming the very danger, separation of powers was meant to prevent. and mr. lazarus mentioned earlier that, i don't know exactly who he's referring to, but some are hyperventilating about this whole topic. would you want to comment on both of those things, either in relation to each other or not? >> mr. lazarus maybe responding to my labor breathing with the flu, but if not, my testimony -- the reason i think there's this disconnect in our view, is we obviously read history differently. i view the constitutional convention is quite clear. the framers were students of history, james madison. 150 years before they took a pen
SFGTV2
Dec 2, 2013 7:00am PST
the highest in america. but not nearly as much as if we hadn't passed a one-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's children could have clean water because we're investing in it now. hunter: there were no alternatives. the infrastructure was in dire straits. a lot of people didn't want to believe it had to be done, but it had to be done. what came out of those lawsuits by the upper chattahoochee river keeper were two consent decrees, focused on overflows. the intent is, city of atlanta, you need to keep the flows in the pipe. narrator: with the help of the funding the city raised, atlanta has been implementing an asset management plan that evaluates and addresses their infrastructure issues. hunter: it's a continuum. at one end, you have your regular maintenance that you do every day on the system, and at the other end, long-term planning so that every year we're repair
FOX News
Dec 5, 2013 1:00pm PST
% of their after-tax income for health insurance policy that might have a $2,000 deduct illinois and some states the deductible is up to $6,000. these people are the healthy, invincibles and not a lot of people have disposable income no matter they're age to to have to put 10% of your disposable income out for something that is a piece of paper with a big deductible, is an uphill battle to convince these people to purchase. >> bottom line, the site is up and running and getting better and more people log on. apparently they're doing so but don't like what they see and log off. >> well, yeah. again, i think what you're going to see here is the president and the administration generally are going to have a campaign unlike we saw in 2008, unlike we saw in 2012, to save obamacare and they'll be pushing hard to get the young invincibles signed up. they want to sign sign 7 million people up by march 31. they won't have a million and a half people by december 1, which is a big deadline. you have to believe people who want insurance, who value insurance, have preexisting conditions, or lost
NBC
Dec 6, 2013 5:00pm EST
. >> so, are poinsettias toxic to your pets? when you have a rebate, do you get charged tax on the original or discounted price? is it worth it to get the l.e.d. holiday rights instead of the traditional ones? time for ask liz. the first question comes from e-mail and emily is wondering, liz, if the popular poinsettia plant is actually toxic to her pets? >> we found your answer at the american society for the prevention of cruelty to animals. the poinsettia plants are not. the deadly flower's legend has them to be. it doesn't mean you want your pets to eat them. consuming poinsettia's may cause mild gastrointestinal problems. keeping it out of your pets reach is a good idea. >>> the next question is from ralph. he's been out holiday shopping, bought a tv that came with an instant rebate. the store charged him a sales tax on the original price of the tv instead of the discounted price. he's wondering why? >> why is that? the comptroller of maryland said the tax you pay is based on the type of coupon or rebate you use. typically, if you use a manufacturer's rebate, pay the sales tax
Al Jazeera America
Dec 4, 2013 4:00pm EST
the tax cuts for the wealthy, and there has been an explosion of wall street fat cats and techies. and robots have taken many jobs since the 1970's. right now it's $7.25. president obama has suggested bumping up minimum wage. if americans were paid for how hard they truly work, minimum wage should be $22 an hour. improvements in the economy are not felt by most people and that concerns the president who worries the american dream of working yourself up may be you turning into that, just a dream. >> just stark numbers. appreciate it. >>> now to ca capitol hill where congress has a lot on it's aplate, but it's not clear if lawmakers will get anything done. the white house is back in session and it plans to leave town on december 13th. the senate hopes to wrap up it's business on the 20th. let's go to capitol hill, libby, how much home i hope is there tt anything will get done? >> reporter: there is a long list of items that the republicans and democrats would like to sow get tackled, including the defense spending bill and food stamps and agriculture agenda. and he's trying to push
Al Jazeera America
Dec 4, 2013 10:00pm EST
victims with government getting bigger, taxes going up, what do you find in europe? very, very high levels of youth unemployment. hello? same thing's now happening to america's young people. i think the lack of upward mobility is a huge stachallenge nots just for young people, for lower income people generally and obama thinks the answer is to make government bigger. >> that's, i think, what caused the problem. >> i want to get to that in a moment. david, based upon what we have seen, it seems he is not concerned about the did he haed let's listen to that. >> we should not be stuck in a stale debate from two years ago or three years ago. a relentlyly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> david, rapidly shrinking, the deficit is going down. is he ignoring our growing $17 trilli $17 trillion debt and a deficit higher than the one he received from his predecessor? >> the debt is higher. we would be in much better economic shape and young people would have better job opportunities if we weren't shrinking so fast. we
CBS
Dec 3, 2013 7:00am PST
not hear a case involving an internet sales tax. amazon an overstock.com were appealing the online levy imposed in new york state. but it's a battle imposed with results. what does this mean for online shoppers? >> all i can think about with this story is taxes. this is what it tells us we know now that the price that online retailers get is probably going to go away because that differential is really about tax. they will now be on par with the brick and mortar retailers and they won't have that edge they've had. we'll probably see less showrooming where people go to a store, they look around and pull out their mobile phone and buy the item online. we're going to see a lot more bureaucracy, states find municipalities making it so hard, so complicated, they're going to be dealing with a very tangled tax web. >> the potential tax revenue, though, for manile of these states that they would lose is huge. >> that's why these states are saying i want amazon to collect taxes coming into products coming into our state. we need the revenue. >> especially after the financial crisis. >> citi
MSNBC
Dec 4, 2013 1:00pm PST
additional loopholes for folks with tax codes. so it's really very difficult when you have a president on one side of these issues and a congress that is just reluctant to do anything to ensure equality for all. >> and jared, angela mentioned things again, the key stone pipeline, prescriptions you hear from the right that really don't seem to comport to what the president is saying but really what the american people are saying. you are starting really see a consensus among a lot of people that the idea of raising the minimum wage is a good idea. that we're not a makers/takers economy. that people aren't excited about the idea of low wages and people having to work on every holiday. and of management making 200 times what their workers are making or ceos making 200 times -- >> 273, i think it was. >> 273. so why do you suppose that this sort of consensus on one side has not -- has not affected republican thinking? >> well, i think it's pretty simple. i think that in terms of economic policy, republicans have been stuck ever since the days of reagan, if not before, on basically two thin
CNBC
Dec 2, 2013 7:00pm EST
formula -- >> tax free, save it up all those years, the inside build-up. this is what harold ford wanted when he was running for the senate and he was a democrat in the house. he was a smart moderate democrat. that's exactly what he wanted. >> because what you have is basically these terrible conflicts that you get when people basically make poor health care choices and want somebody else to bail them out. and when they own the plan, they begin to make healthy health care choices. you have to get rid of the moral hazards that we have all over the government, both in the way insurance is written today and the way it should be written. so that people have individual skin in the game and they can take these accounts and go anywhere with them. >> anywhere they want. >> isn't that more moral? half the people who are going to qualify are going into mistake. a terrible system. fairer system, everyone getting an h.s.a. better access than medicaid -- >> the mandate is you have to have an hsa. i'm okay with that. but nop mandates for the plan. in other words, have 100 plans. just have 100 p
CNBC
Dec 10, 2013 4:00am EST
bull budget could greatly reduce fiscal uncertainty. >>> and nothing is certain but death and taxes, but what about funerals and bad loans? we'll have a series of loans ready to go on the stock exchange and whether investors will be dying to get a piece of the action. as we go to the break, we'll bring you more shots from soccer city stadium where they're holding the nelson mandela memorial service. >>> crowd of around 95,000 people are gathering at johannesburg stadium to pay respect to former south african president nelson mandela at the soaker stadium. including the u.s. president pb pb, president barack obama. chris has more details on today's event. chris. >> well, the rain is falling and the crowds are flooding in. 95,000. you have to recall that a lot of the streets have been closed off around the stadium so that the sig tears can come in and out. that means that a lot of people have to either camp overnight, which a lot of people have done, or walk to the stadium. certainly the ceremony is under way, the marching bands on the pitch walking around, some of the big names are t
FOX News
Dec 9, 2013 6:00am PST
to react? >> people will say, what did i do to deserve this after all you pay your taxes, work for a living. you've been forced to change your doctor. you've been forced to pay more for inwhich you may or may not need but the second sticker shock which is as you point out, heather, deductibles. the study was done by health pockket incorporated which studies this kind of thing. the federal exchanges, they found out the bronze plan has an average deductible for individuals of $5081. let's point out that is money you've got to shell out from your own pocket before insurance coverage kicks in. $5081 for the bronze plan. i don't think that is affordable to a lot of people, heather. >> i thought it was interesting, they were taking a look at say one woman having a baby. if you look at these numbers, it's not covered. they pay all of it out-of-pocket, is that right? >> that's correct. the average cost of having a baby in some states, the states studied was over $6,000. if your deductible is $5081 and more for a family, your birth is not covered. this may result in some, not in terms of havi
CNN
Dec 3, 2013 6:00am PST
your money and the u.s. states that want them to collect sales taxes from you. and that means you're probably going to pay more. i'm talking about being taxed on your internet purchases. i'll put it more simply for you. cnn's business correspondent christine romans is in new york to tell us why that's more likely. >> internet shales taxes, carol. supreme court decided it would not hear a case. it was probably the last cyber monday without sales tax for millions. states want tax revenue. online retailers want tax-free shopping. brick and mortar shops want online retailers to have the same taxes. uncollected sales tax, so the states want to find ways to get that tax revenue from web retailers. the sproem court decided not to get involved in appeals from amazon and overstock.com. the court let stand a ruling from a new york court requiring that internet retailers collect sale taxes even if they have no physical present in the state. this effectively ends, carol, ends tax-free shopping online for people and gets other states thinking about how they can bring in more taxes, too, carol. >>
Al Jazeera America
Dec 3, 2013 1:00am EST
take up a challenge to the new york law allowing the state to collect sales tax on outer state companies. are higher bills ahead and are the justices a group of grinches. what do black friday and cyber monday say about the state the economy. let's nask "fortune" magazine claire zillman about this. what does this mean for online shopping. will it make it expensive in the future? >> it's evolving. the supreme court decided not to take up this decision. it backs on to a 1992 supreme court which is out of date, dealing with a catalogue merchant. the most notable decision is a 2008 law by new york state alog the state to collect sales taxes through online retailers even if they didn't have a physical york. >> there could be federal law passed. the senate and the house are looking at a lou deciding taxed. >> in not taking up the issue, it sort of looks like the supreme court deferred to congress, and the senate this past spring passed a bill in line with the new york law allowing states to collect through retailers without a physical presence. >> that will be a big hit for consumers.
FOX Business
Dec 6, 2013 6:00pm EST
ready to get up a deal when we are supposed to. >> in the '80s and '90s we did not have just a tax increase of cuts but that have been dip this year that could have called is like having 400,000 jobs created because we're not in stimulus motive to do more. it was good news. >> so if we have a government is shut down assembly will have a quarter reported taken off for gdp what a powerful economic engine and then we have third quarter gdp growth of 3.6% invested a couple years it a good jobs ever. i thought the sequester were to be devastating? >>. >> the more it cuts spending the better for the private sector when dispense the dollar i don't understand the logic. >> we pay people borrow money not to work and people are working. that does not make sense. >> to give emergency benefits where does the money come from? >> if we give you a tax cut they will put it in their pocket. >> we have to make sure that people need the jobs and food get it. >> with 47 million people? people largely a pretty good job. >> of course, the we should not said that giving a lot more welfare benefits was be
CNBC
Dec 10, 2013 6:00pm EST
. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. we're open to it. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera
FOX Business
Dec 2, 2013 9:20am EST
economy growing enormously if we put in good policies. a low rate flat tax, spending restraint. you know the drill. it's all there. and that, this is all a consequence of very bad economic policies by this administration and congress, especially the senate and they've put through a lot of tax increases this year and you're seeing the consequences of it. look at what obamacare has been doing, it's liighths catastrophe and why would you expect something really good to be coming out of this mess? i wouldn't. >> i think we've had this conversation before. >> yeah, we have. >> unfortunately. are we going to have it again in a couple of minutes? because i question whether you're going to get any change in economic policy in the next three years, i don't think you are, but i'll come back to you on that one in a second, okay? >> it's a deal. stuart: i want to move on to amazon's chief jeff bezos on 60 minutes. he showed off a flight of amazon experimental delivery drones. yes, drones to deliver packages. keith fitzgerald is with us, keith, he's looking like the new steve jobs and amazon is
CSPAN
Dec 8, 2013 11:25pm EST
that says we need to raise federal excise tax on large oil companies. you introduce that bill. what's going to happen when you introduce that bill? you are going to scare the daylights out of people in the business which is precisely what that bill was designed to do. they are going to come running to that office saying we are concerned about this bill. what's going on? and in the process they are going to start making donations and they may end up hiring family members of the legislator or former aides to serve as lobbyists. the milker bill of course can be reintroduced again next year and a year after and they can become a form of extraction that takes place and corporations in the basically paying protection money. the second technique is what you might call the toll booth technique. if you are a powerful chairman of the committee were you are in leadership and this has happened under both parties, you can ease and c-charlie charge companies and individuals in order for bills to actually go from the kennedy to being voted on the floor. it can be a very lucrative technique t
MSNBC
Dec 10, 2013 3:00pm PST
corporate tax loophole. i know many republicans had hoped this would be an opportunity to make some of the changes tho medicare and social security they've advocated for. but congressman ryan have set aside our differences. we've made some compromises and we've worked together to get something done. now, this deal doesn't solve every issue in front of congress. we made a conscience decision as chairman ryan said in the few short weeks we've had to focus on where we can agree and not get bogged down in larger issues that while important are not going to get solved right now. but we need to acknowledge that our nation has serious long-term fiscal and economic challenges this deal doesn't address and our budget process has been broken. many people believe that congress is broken. we have spent years scrambling to fix artificial crises while our debt piles up and the middle class families have depended on for generations continues to crumble. we have budget deficits that have improved but they have not disappeared. we know we need comprehensive tax reform. we need comprehensive immigration ref
FOX News
Dec 4, 2013 6:00am PST
plumber. that means redistribution of wealth. it is all about higher taxes on the rich. he thinks he has a mandate to push higher taxes to the rich and more spending on education. he calls it investment in the p priorities. and he sees his time in the office evaporating. the president tried to say the talk about the economy ties in health care. >> any launch of a project this big. because we know that the ultimate goal/aim is to make sure that people have basic security and the foundation for the good health they need. >> white house officials saying this talk of income inequality will be a focus of the final three years in office. you noted at the health care event he said making sure republicans didn't repeal the health care law. it is a crowded agenda and hard to figure out what is his top priority. >> you have to imagine republicans will push back. >> absolutely. they have pushed back on his tax policies and new spending, the president calls it investment, but they have pushed back on the idea that this is adding security to the middle class because you have millions of americ
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